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ShaMaran Petroleum (CVE:SNM) Stock Passes Below Fifty Day Moving Average - Should You Sell?

ShaMaran Petroleum logo with Energy background

Shares of ShaMaran Petroleum Corp. (CVE:SNM - Get Free Report) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$0.20 and traded as low as C$0.19. ShaMaran Petroleum shares last traded at C$0.19, with a volume of 19,009 shares changing hands.

ShaMaran Petroleum Stock Up 2.7%

The firm has a market cap of C$380.20 million, a price-to-earnings ratio of 5.17 and a beta of 1.14. The firm has a 50-day moving average price of C$0.20 and a two-hundred day moving average price of C$0.17. The company has a debt-to-equity ratio of 100.09, a quick ratio of 1.07 and a current ratio of 4.89.

ShaMaran Petroleum Company Profile

(Get Free Report)

ShaMaran Petroleum Corp., together with its subsidiaries, engages in the oil and gas exploration and production. It holds interest in the Atrush Block production sharing contract; and in the Sarsang Production Sharing Contract in the Kurdistan region of Iraq. The company was incorporated in 1991 and is headquartered in Vancouver, Canada.

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